Re: confidential terms
Grumpy, you a completely correct. IBM spent years paying people to take early retirement. I was a manager and one of my guys that volunteered to leave got a £60k cheque and some extra years added to their service, and that was actually lower than many others had. Then some bright spark came up with this great idea to stiff us on pensions and at the same time push people out of the company.
Whoever really made these and subsequent decisions is long gone including the Australian ahole and his chinless wonder of an HR Director at the time.